Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budgeting topic
No spam. Unsubscribe anytime.
Committee advances Act 1 accelerated budget opt‑out resolution; full board will consider in January
Summary
The district committee moved to forward an Act 1 accelerated budget opt‑out resolution certifying the tax rate at or below the 3.5% inflation index for 2026–2027; committee members said initial debt service is covered by cash and no bond issuance is planned for the first year in the model.
The Finance, Building and Grounds Committee moved the Act 1 accelerated budget opt‑out resolution to the full board for the January meeting after brief discussion on Jan. 12, 2026.
Committee members explained the resolution would allow the district to use the accelerated budget opt‑out process while keeping the tax increase at or below the 3.5% inflation index. Board members clarified the district’s financing model shows no increase in debt service for 2026–27 because the district would use existing cash for first‑year costs and would not issue bonds in that fiscal year under the presented schedule.
A motion to move the resolution to the full board was made and seconded in committee; the resolution will be considered at the January board meeting for formal approval and any related tax‑rate calculations.
No formal vote on the opt‑out itself occurred at the working session; the committee action was procedural to place the item on the board agenda.
